The largest companies in the Netherlands by revenue span carmaking, food retail, meat processing, aerospace, banking and semiconductor equipment. This list ranks the 25 Netherlands-based companies with the highest revenue in the Fortune 500 Europe 2026, published by Fortune on 16 September 2026.
Stellantis, whose Fortune entry gives Hoofddorp as its headquarters city, leads the Dutch ranking with fiscal 2025 revenue of US$173.1bn, followed by Ahold Delhaize and JBS. The Netherlands has 30 companies on the 2026 European list, the sixth-largest national contingent.
Figures are Fortune's, in US dollars, for fiscal years ended 31 December 2025 unless otherwise noted.
Contents
- Composition of the ranking
- Methodology
- The list
- Ranking table
- Companies just outside the top 25
- Frequently asked questions
- See also
Composition of the ranking
Financial services account for seven of the 25 companies: the banks ING, Rabobank and ABN AMRO and the insurers Achmea, NN Group, a.s.r. and Aegon. Food is the other large group, with Ahold Delhaize, JBS, Louis Dreyfus Company, Heineken and FrieslandCampina. Technology is represented by ASML and NXP Semiconductors, and Philips by health technology.
Several of the largest Dutch-registered companies have most of their operations elsewhere. Fortune notes, for example, that LyondellBasell is incorporated in the Netherlands but has its executive offices in the United Kingdom and the United States. Shell, historically an Anglo-Dutch group, appears in Fortune's 2026 rankings as a UK company headquartered in London and is therefore not included here.
On Fortune's figures the 25 companies reported combined revenue of about US$1.01 trillion and employed about 1.74 million people worldwide. Two of them, Stellantis and LyondellBasell, reported net losses for the year.
Methodology
Entries are the 25 highest-revenue companies that Fortune assigns to the Netherlands in the Fortune 500 Europe 2026, in Fortune's order. Fortune ranks companies by total revenue for their latest available fiscal year and includes only companies that publish financial data and report part or all of their figures to a government agency.
Revenue includes consolidated subsidiaries and reported revenues from discontinued operations and excludes excise taxes. For banks it is gross interest income plus gross non-interest income; for insurers it includes premium and annuity income, investment income, realised capital gains or losses and other income, excluding deposits.
Currency and country assignment. Fortune converts revenue and profit to US dollars at the average exchange rate of each company's fiscal year; no further conversion has been applied here. Country assignment follows Fortune, which places companies such as Stellantis, Airbus, JBS and LyondellBasell in the Netherlands on the basis of their registered or head offices. Employee numbers are worldwide, as published by each company.
The list
1
Carmaker formed from the merger of PSA and Fiat Chrysler, headquartered in Hoofddorp
Best for: Automotive
Stellantis is the largest company based in the Netherlands by revenue and sixth in the Fortune 500 Europe 2026. Its fiscal 2025 revenue was US$173.1bn, up 2.06% in dollar terms, but it recorded a net loss of US$25.2bn, the largest loss of any Dutch company on the list. Its Fortune entry gives Hoofddorp as headquarters city and names Antonio Filosa as chief executive. The group employs 259,206 people, mostly outside the Netherlands.
- Revenue (latest fiscal year)
- US$173.1bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 2.06%
- Employees
- 259,206
- Headquarters
- Hoofddorp, Netherlands
- Industry (Fortune)
- Motor Vehicles and Parts
- Chief executive
- Antonio Filosa
- Fortune 500 Europe 2026 rank
- 6
- Stock listing (Fortune)
- Listed
2
Zaandam-based supermarket group operating in Europe and the US
Best for: Food retail
Ahold Delhaize operates supermarket chains in Europe and the United States,. Fortune records fiscal 2025 revenue of US$104.2bn, up 7.80%, and net profit of US$2.6bn. It is headquartered in Zaandam, employs 222,000 people and is led by Frans Muller, according to its Fortune profile. It ranks 20th in the European list.
- Revenue (latest fiscal year)
- US$104.2bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 7.80%
- Employees
- 222,000
- Headquarters
- Zaandam, Netherlands
- Industry (Fortune)
- Food and Drug Stores
- Chief executive
- Frans Muller
- Fortune 500 Europe 2026 rank
- 20
- Stock listing (Fortune)
- Listed
3
Meat processor of Brazilian origin, listed by Fortune with its head office in Amstelveen
Best for: Food production
JBS is a meat and food processing company. Fortune assigns it to the Netherlands, giving Amstelveen as its headquarters city, although its main website remains a Brazilian domain. Fiscal 2025 revenue was US$86.2bn, up 11.66%, with net profit of US$2.0bn. With 282,806 employees, JBS has the largest workforce of any company in the Dutch top 25.
- Revenue (latest fiscal year)
- US$86.2bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 11.66%
- Employees
- 282,806
- Headquarters
- Amstelveen, Netherlands
- Industry (Fortune)
- Food Production
- Chief executive
- Gilberto Tomazoni
- Fortune 500 Europe 2026 rank
- 34
- Stock listing (Fortune)
- Listed
4
Aircraft, helicopter, defence and space manufacturer registered in Leiden
Best for: Aerospace and defence
Airbus builds commercial aircraft, helicopters and defence and space systems. Fortune lists its headquarters city as Leiden, in the Netherlands, and names Guillaume Faury as chief executive. Revenue for fiscal 2025 was US$82.8bn, up 10.61%, and net profit was US$5.9bn. The group employs 165,294 people. It ranks 38th in the Fortune 500 Europe 2026.
- Revenue (latest fiscal year)
- US$82.8bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 10.61%
- Employees
- 165,294
- Headquarters
- Leiden, Netherlands
- Industry (Fortune)
- Aerospace and Defense
- Chief executive
- Guillaume Faury
- Fortune 500 Europe 2026 rank
- 38
- Stock listing (Fortune)
- Listed
5
IG
Amsterdam-based banking group; largest Dutch bank on Fortune's measure
Best for: Banking
ING Group is the largest Dutch financial company by Fortune's revenue measure, which for banks combines gross interest income and gross non-interest income. Fiscal 2025 revenue was US$71.9bn, essentially flat at -0.10%, and net profit was US$9.4bn, the second highest in the Dutch top 25 after ASML. The bank is headquartered in Amsterdam and employs 62,770 people.
- Revenue (latest fiscal year)
- US$71.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -0.10%
- Employees
- 62,770
- Headquarters
- Amsterdam, Netherlands
- Industry (Fortune)
- Banks: Commercial and Savings
- Fortune 500 Europe 2026 rank
- 45
6
Rotterdam-based agricultural commodity merchant and processor
Best for: Agricultural commodities
Louis Dreyfus Company trades and processes agricultural commodities such as grains, oilseeds, coffee, cotton and sugar. Fortune lists it as a private company with its headquarters in Rotterdam. Its fiscal 2025 revenue was US$53.2bn, up 5.16%, and net profit was US$653m. It employs 19,084 people.
- Revenue (latest fiscal year)
- US$53.2bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 5.16%
- Employees
- 19,084
- Headquarters
- Rotterdam, Netherlands
- Industry (Fortune)
- Food Production
- Chief executive
- Michael Gelchie
- Fortune 500 Europe 2026 rank
- 77
- Stock listing (Fortune)
- Not listed
7
Privately held IKEA retail group based in Leiden
Best for: Home furnishings retail
Ingka Holding is the IKEA retail group that Fortune lists as Ingka Holding (IKEA). Fortune lists it as a private company based in Leiden, with figures for the fiscal year ended 31 August 2025. Revenue was US$45.5bn, up 0.70%, and net profit was US$1.6bn. It employs 161,211 people.
- Revenue (latest fiscal year)
- US$45.5bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 August 2025
- Revenue change (US$)
- 0.70%
- Employees
- 161,211
- Headquarters
- Leiden, Netherlands
- Industry (Fortune)
- Specialty Retailers
- Chief executive
- Juvencio Maeztu
- Fortune 500 Europe 2026 rank
- 92
- Stock listing (Fortune)
- Not listed
8
A
Veldhoven-based maker of lithography systems for semiconductor production
Best for: Semiconductor equipment
ASML makes the lithography systems used to pattern chips,. Fortune records fiscal 2025 revenue of US$36.8bn, up 20.55%, the fastest growth in the Dutch top 25, and net profit of US$10.8bn, the highest of any Dutch company on the list. The company prepares its figures under US GAAP for Fortune's purposes and is led by Christophe D. Fouquet. It employs 44,209 people.
- Revenue (latest fiscal year)
- US$36.8bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 20.55%
- Employees
- 44,209
- Headquarters
- Veldhoven, Netherlands
- Industry (Fortune)
- Semiconductors and Other Electronic Components
- Chief executive
- Christophe D. Fouquet
- Fortune 500 Europe 2026 rank
- 124
- Stock listing (Fortune)
- Listed
9
Utrecht-based cooperative bank with a focus on food and agriculture
Best for: Cooperative banking
Rabobank is a cooperative bank headquartered in Utrecht. Fortune classifies it as a cooperative and a private company. Its fiscal 2025 revenue was US$34.9bn, down 2.49%, and net profit was US$5.5bn. Fortune notes that profits for cooperatives are not comparable with those of other companies on the list because they are not taxed on a comparable basis. Rabobank employs 48,202 people.
- Revenue (latest fiscal year)
- US$34.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -2.49%
- Employees
- 48,202
- Headquarters
- Utrecht, Netherlands
- Industry (Fortune)
- Banks: Commercial and Savings
- Chief executive
- Stefaan Leon Decraene
- Fortune 500 Europe 2026 rank
- 131
- Stock listing (Fortune)
- Not listed
10
Zeist-based insurer classified by Fortune as a mutual
Best for: Insurance
Achmea is a Dutch insurance group headquartered in Zeist. Fortune classifies it under mutual life and health insurers and reports fiscal 2025 revenue of US$32.8bn, up 8.45%, with net profit of US$1.3bn. It employs 17,864 people. Fortune's methodology states that profits for mutual insurers are based on statutory accounting.
- Revenue (latest fiscal year)
- US$32.8bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 8.45%
- Employees
- 17,864
- Headquarters
- Zeist, Netherlands
- Industry (Fortune)
- Insurance: Life, Health (Mutual)
- Fortune 500 Europe 2026 rank
- 138
Heineken is the largest Dutch brewer and one of the largest in the world. Fortune records fiscal 2025 revenue of US$32.4bn, up 0.56%, and net profit of US$1.1bn. The company is headquartered in Amsterdam and employs 87,870 people. It ranks 139th in the European list, one place behind Achmea.
- Revenue (latest fiscal year)
- US$32.4bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 0.56%
- Employees
- 87,870
- Headquarters
- Amsterdam, Netherlands
- Industry (Fortune)
- Beverages
- Fortune 500 Europe 2026 rank
- 139
12
Chemicals and plastics producer incorporated in the Netherlands
Best for: Chemicals
LyondellBasell produces chemicals, polymers and fuels. Fortune notes that it is incorporated in the Netherlands with executive offices in the United Kingdom and the United States; its Fortune entry gives Rotterdam as headquarters city. Fiscal 2025 revenue fell 20.01% to US$32.2bn, the steepest decline in the Dutch top 25, and the company reported a net loss of US$745m. It employs 18,970 people.
- Revenue (latest fiscal year)
- US$32.2bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -20.01%
- Employees
- 18,970
- Headquarters
- Rotterdam, Netherlands
- Industry (Fortune)
- Chemicals
- Chief executive
- Peter Vanacker
- Fortune 500 Europe 2026 rank
- 140
- Stock listing (Fortune)
- Listed
13
Diemen-based staffing and recruitment company
Best for: Staffing
Randstad is a staffing and recruitment company headquartered in Diemen, near Amsterdam. Its fiscal 2025 revenue was US$26.0bn, down 0.22%, and net profit was US$337m. Fortune counts 38,480 employees, which reflects the company's own staff rather than the temporary workers it places. It ranks 166th in Europe, immediately behind its Swiss competitor Adecco Group.
- Revenue (latest fiscal year)
- US$26.0bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -0.22%
- Employees
- 38,480
- Headquarters
- Diemen, Netherlands
- Industry (Fortune)
- Diversified Outsourcing Services
- Fortune 500 Europe 2026 rank
- 166
14
SH
Privately owned Utrecht-based conglomerate in energy distribution and wholesale
Best for: Diversified holding
SHV Holdings is a privately owned group based in Utrecht whose businesses include energy distribution and wholesale trading. Fortune lists it as a private company and classifies it under wholesalers. Fiscal 2025 revenue was US$23.7bn, down 4.77%, and net profit was US$571m. It employs 60,255 people.
- Revenue (latest fiscal year)
- US$23.7bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -4.77%
- Employees
- 60,255
- Headquarters
- Utrecht, Netherlands
- Industry (Fortune)
- Wholesalers: Other
- Chief executive
- Floris de Ryck
- Fortune 500 Europe 2026 rank
- 187
- Stock listing (Fortune)
- Not listed
15
The Hague-based insurer and pensions provider
Best for: Insurance
NN Group is an insurer and pensions provider headquartered in The Hague. Fortune records fiscal 2025 revenue of US$20.7bn, down 6.99%, and net profit of US$1.3bn. It employs 14,791 people. It is one of seven banks and insurers in the Dutch top 25.
- Revenue (latest fiscal year)
- US$20.7bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -6.99%
- Employees
- 14,791
- Headquarters
- The Hague, Netherlands
- Industry (Fortune)
- Insurance: Life, Health (stock)
- Fortune 500 Europe 2026 rank
- 218
16
Amsterdam-based health technology company
Best for: Health technology
Royal Philips is a health-technology company headquartered in Amsterdam, making diagnostic imaging, patient monitoring and personal health products. Its fiscal 2025 revenue was US$20.1bn, up 3.22%, and net profit was US$1.0bn. Philips employs 66,401 people. Fortune classifies it under medical products and equipment.
- Revenue (latest fiscal year)
- US$20.1bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 3.22%
- Employees
- 66,401
- Headquarters
- Amsterdam, Netherlands
- Industry (Fortune)
- Medical Products and Equipment
- Fortune 500 Europe 2026 rank
- 222
17
AA
Amsterdam-based retail and commercial bank
Best for: Banking
ABN AMRO is the third Dutch bank in the ranking, after ING and Rabobank. Fortune records fiscal 2025 revenue of US$19.6bn, down 9.45%, and net profit of US$2.5bn. It employs 23,126 people and is led by Marguerite Bérard, according to its Fortune profile.
- Revenue (latest fiscal year)
- US$19.6bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -9.45%
- Employees
- 23,126
- Headquarters
- Amsterdam, Netherlands
- Industry (Fortune)
- Banks: Commercial and Savings
- Chief executive
- Marguerite Bérard
- Fortune 500 Europe 2026 rank
- 231
- Stock listing (Fortune)
- Listed
18
Best for: Insurance
ASR Nederland, which trades as a.s.r., is an insurance group headquartered in Utrecht. Fortune records fiscal 2025 revenue of US$19.5bn, up 13.13%, and net profit of US$619m. With 8,689 employees it has the smallest workforce in the Dutch top 25.
- Revenue (latest fiscal year)
- US$19.5bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 13.13%
- Employees
- 8,689
- Headquarters
- Utrecht, Netherlands
- Industry (Fortune)
- Insurance: Property and Casualty (Stock)
- Fortune 500 Europe 2026 rank
- 233
19
Amersfoort-based dairy cooperative
Best for: Dairy
FrieslandCampina is a dairy company owned by a cooperative of dairy farmers. Fortune lists it as a cooperative and a private company headquartered in Amersfoort. Fiscal 2025 revenue was US$15.1bn, up 8.09%, and net profit was US$249m. It employs 18,998 people.
- Revenue (latest fiscal year)
- US$15.1bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 8.09%
- Employees
- 18,998
- Headquarters
- Amersfoort, Netherlands
- Industry (Fortune)
- Food Consumer Products
- Chief executive
- Jan Derck van Karnebeek
- Fortune 500 Europe 2026 rank
- 299
- Stock listing (Fortune)
- Not listed
20
A
Insurer and asset manager
Best for: Insurance
Aegon is an insurance and asset-management group. Fortune gives Schiphol as its headquarters city and records fiscal 2025 revenue of US$14.8bn, up 3.10%, with net profit of US$1.1bn. It employs 15,304 people. Fortune classifies it under life and health insurers.
- Revenue (latest fiscal year)
- US$14.8bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 3.10%
- Employees
- 15,304
- Headquarters
- Schiphol, Netherlands
- Industry (Fortune)
- Insurance: Life, Health (stock)
- Fortune 500 Europe 2026 rank
- 301
21
Hilversum-based recorded music and publishing company
Best for: Music and entertainment
Universal Music Group is a recorded-music and music-publishing company headquartered in Hilversum. Fortune records fiscal 2025 revenue of US$14.1bn, up 10.23%, and net profit of US$1.7bn. It employs 10,595 people. It is the only entertainment company in the Dutch top 25.
- Revenue (latest fiscal year)
- US$14.1bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 10.23%
- Employees
- 10,595
- Headquarters
- Hilversum, Netherlands
- Industry (Fortune)
- Entertainment
- Fortune 500 Europe 2026 rank
- 311
22
State-owned electricity transmission system operator
Best for: Electricity transmission
TenneT operates high-voltage electricity transmission networks. Fortune flags it as government owned 50% or more and lists it as a private company based in Arnhem. Fiscal 2025 revenue was US$12.9bn, up 18.93%, and net profit was US$3.1bn. With 8,780 employees it has the second-smallest workforce among the 25 companies listed here, after a.s.r.
- Revenue (latest fiscal year)
- US$12.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 18.93%
- Employees
- 8,780
- Headquarters
- Arnhem, Netherlands
- Industry (Fortune)
- Utilities
- Chief executive
- Manon van Beek
- Fortune 500 Europe 2026 rank
- 333
- Stock listing (Fortune)
- Not listed
23
Eindhoven-based chipmaker focused on automotive and industrial semiconductors
Best for: Semiconductors
NXP Semiconductors designs and makes chips for vehicles, industrial equipment and connected devices. Its Fortune profile notes that figures are prepared under US GAAP and names Rafael Sotomayor as chief executive. Fiscal 2025 revenue was US$12.3bn, down 2.74%, and net profit was US$2.0bn. The company is headquartered in Eindhoven and employs 32,169 people.
- Revenue (latest fiscal year)
- US$12.3bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -2.74%
- Employees
- 32,169
- Headquarters
- Eindhoven, Netherlands
- Industry (Fortune)
- Semiconductors and Other Electronic Components
- Chief executive
- Rafael Sotomayor
- Fortune 500 Europe 2026 rank
- 351
- Stock listing (Fortune)
- Listed
24
Amsterdam-based paints and coatings company
Best for: Paints and coatings
AkzoNobel makes decorative paints and industrial coatings. Fortune records fiscal 2025 revenue of US$11.5bn, down 1.64%, and net profit of US$716m. The company is headquartered in Amsterdam and employs 31,500 people. Fortune classifies it under chemicals.
- Revenue (latest fiscal year)
- US$11.5bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- -1.64%
- Employees
- 31,500
- Headquarters
- Amsterdam, Netherlands
- Industry (Fortune)
- Chemicals
- Fortune 500 Europe 2026 rank
- 366
25
Infrastructure developer and operator headquartered in Amsterdam
Best for: Infrastructure
Ferrovial builds and operates toll roads, airports and other infrastructure. Fortune lists its headquarters city as Amsterdam and records fiscal 2025 revenue of US$10.9bn, up 9.76%, with net profit of US$1.0bn. It employs 22,609 people. It is the larger of two Dutch engineering and construction companies in the European ranking, with Royal BAM Group ranked 478th.
- Revenue (latest fiscal year)
- US$10.9bn (Fortune, converted to US dollars)
- Fiscal year end
- 31 December 2025
- Revenue change (US$)
- 9.76%
- Employees
- 22,609
- Headquarters
- Amsterdam, Netherlands
- Industry (Fortune)
- Engineering, Construction
- Fortune 500 Europe 2026 rank
- 378
Companies just outside the top 25
Frequently asked questions
What is the largest company in the Netherlands?
By revenue, the largest company that Fortune assigns to the Netherlands is Stellantis, with fiscal 2025 revenue of US$173.1bn in the Fortune 500 Europe 2026. Its Fortune entry gives Hoofddorp as headquarters city. The largest company with predominantly Dutch roots is Ahold Delhaize, the supermarket group based in Zaandam, with US$104.2bn.
Is Shell still a Dutch company?
Fortune lists Shell as a UK company headquartered in London in its 2026 rankings, with revenue of US$273.7bn, which would otherwise put it at the top of a Dutch list. For that reason it is not included in this ranking, which follows Fortune's country assignment.
What is the largest Dutch bank?
On Fortune's revenue measure, ING Group is the largest Dutch bank, with fiscal 2025 revenue of US$71.9bn and net profit of US$9.4bn. Rabobank follows with US$34.9bn and ABN AMRO with US$19.6bn. Fortune measures bank revenue as gross interest income plus gross non-interest income.
Which Dutch company is the most profitable?
Among the 25 largest Dutch companies by revenue, ASML reported the highest net profit for fiscal 2025, at US$10.8bn on revenue of US$36.8bn, according to Fortune. ING Group was second with US$9.4bn. Stellantis, the largest company by revenue, reported a net loss of US$25.2bn.
How many Dutch companies are in the Fortune 500 Europe?
Thirty Netherlands-based companies appear in the Fortune 500 Europe 2026, the sixth-largest national group after the United Kingdom, Germany, France, Switzerland and Russia. Together they reported about US$1.05 trillion of revenue on Fortune's figures.
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